Cites - Promissory Note Fraud

[suijuris]

When the bank endorses the promissory note, and adds it to their ledgers as an ASSET, you have loaned them the money!



So, when they tell you they have given you a loan, that is FRAUD. Remember, the promissory note you signed created the checkbook money on their ledger, which they used to create a check for you to purchase your home, car, etc. You LOANED them the money!



Just remember, your promissory note is equivalent to cash. If you deposited $100 into your savings account, and wish to withdraw it a week later, would you allow the bank to loan you the origonal $100 you deposited earlier? No? They why let them loan you back the checkbook money created by your promissory note?



And when they modify that promissory note (in order to deposit it), that is FORGERY. Here are some cites:





Alteration of a document without authority with the intent to defraud may constitute forgery and such alteration may consist of the insertion of matter in the document after it has been signed. Buck v Superior Court (Cal App) 41 Cal Rptr 718, subsequent op on reh 232 Cal App 2d 153, 42 Cal Rptr 527, 11 ALR3d 1064, cert den





It is a forgery where a written condition, made at the same time and upon the same paper, is detached from a promissory note. State v Stratton, 27 Iowa 420.





§ 16 Unauthorized filling in of blank spaces [36 Am Jur 2d FORGERY]

According to one view, where authority is given to fill in blank spaces on an instrument, a filling in of blanks other than as authorized constitutes forgery, provided the other necessary elements of the offense are present. On the other hand, the rule prevails in some jurisdictions that if a paper is delivered as a completed instrument, without authority, express or implied, to fill any blanks or make any changes, subsequent additions are forgeries; but if the paper is delivered as an incomplete instrument with blanks to be filled, and the instrument as completed differs from that authorized and intended by the signer, it is not a forgery, but a breach of trust.





"Alteration" of a check within the forgery statute resulted where defendant, coming into possession of a signed but otherwise blank check, thereafter and without any authority to do so, filled in the blank spaces, inserting the amount payable and designating himself as payee. State v Rovin, 21 Ariz App 260, 518 P2d 579.





The offense of uttering a forged mortgage may be committed by having the same recorded although it is not in any other way delivered to the mortgagee. People v Baker, 100 Cal 188, 34 P 649.







I am sure you guys can come up with a hoarde of other aspects to the bank loan fraud... feel free to contribute!



Sui Juris

I just finished reading "Modern Money Mechanics," compliments of the Federal Reserve.


I'm cleaning my guns while I type....


But...Let's DO give them credit. The truth is, as is said, "out there."& It's just that the people who "should" tell us this, well, don't. I, for one, am certainly not above using their lack of "full-disclosure" against them any way I can.


Randy


[disclaimer: For any and all agents who might be monitoring this board, lighten up: The comment about "cleaning guns" is hyperbole. If you don't know it means, look it up.]

Randy,


I think that your posts are so funny.& I really enjoy reading them.& I would like to add that as a safety precaution, you should probably wait until after you are finished typing to clean your guns.& That's what I do.


Sui Juris,


Thank you so much for this post.& I was trying to find just this kind of information earlier today.& When this kind of stuff happens it reinforces my faith that God is leading me to where I need to be, when I need to be there.&


Thanks again.


Sara-Jane

Hi, Sara-Jane.....


Now if we could just get agents to have at least the simblance of a sense of humor....


But something just hit me! (And Sui Juris, Jerseee, Ice, Jim, and all the rest--hope you read this)


"Promissory notes," eh? Here's what I know to be true:


*** Banks lend nothing, but merely create a "deposit transaction" based upon your promise to repay.***


Question:


Why can I not give the bank a "promissory note," made out to the IRS, and let them, the banks, simply create the "deposit transaction" and "transfer" the "payment" to the IRS?


Or


Do I give the cpn to the IRS and make it out to the bank?


Ahhh. Something's starting to click. Watch out, world. Nothin' more dangerous than a redneck truck-driver with an idea and attitude.


Randy

Greetings All,


I read the post about sending a note to the bank for the IRS. Just wanna say...they will steal it, and deny the fact that they got it.


If you want to use a bill of exchange or promissory note to discharge the IRS' alleged debt, I think an agent is needed to process the instrument.


Also, you may not want to go around being known as someone paying for things that they don't really owe, i.e. sucker.

[Jerseee]

randy,

from your post it seems you want to know who is your fudiciary?

Not to be a smart a$$, but when it comes to the IRS, I could care less how they convert the note. You've done your part by tendering a good faith payment. Let them convert the note through their own means.

Hell, the bastards convert almost everything anyways.

Sorry about the rant--I usually don't get that way but, the federal reserve and the irs make me sick.

Originally Posted by seeklight

Also, you may not want to go around being known as someone paying for things that they don't really owe, i.e. sucker.

Hey, seeklight!


Yeah. I was thinking the same thing. On the one hand, we have valid "requests" for "proof of debt." On the other, there is what seems to be a valid place for BoEs, etc.& A dilemma for sure. I'm working on it.


Randy

[quote= Jerseee]


randy, from your post it seems you want to know who is your fudiciary?


Well, I hadn't thought of it that way, but yeah, that's it.&

Not to be a smart a$$, but when it comes to the IRS, I could care less how they convert the note.


Oh, everyone here is much more "civil" about all this than I would normally be.


You've done your part by tendering a good faith payment.


Ah, so at least I'm on the right track. Go me!


Let them convert the note through their own means.


So, to keep my twisted logic going: Bank receives cpn. Bank...does what, "presents" it to agents? Something like that?&Do "they" (either party) ever, ever "accept" these things? I can't imagine they would since that would simply "prove" the "money creation" thing we all know about. &


Hell, the bastards convert almost everything anyways. Sorry about the rant--I usually don't get that way but, the federal reserve and the irs make me sick.


Again, you're being too kind.


Randy

[Jerseee]

randy,

Like I said, I am not sure about their internal process but, if mortgage companies can get banks to convert promissory notes then it can be done somehow.

Randy, what you are talking about is similar to a bankers acceptance. Whats amazing about all this is the fact that a federal reserve note is equivalent to your certified promissary note. It would be interesting to see if they would try to bring charges on someone for attempting to deposit a promissary note into a bank. While you at it, why not ask about making it out to yourself and depositing into your own account. ha ha ha